I wonder how much of this transfers to the music industry. It's much more complicated than the taxi industry, but in broad strokes, VC-subsidized companies basi

I wonder how much of this transfers to the music industry. It's much more complicated than the taxi industry, but in broad strokes, VC-subsidized companies basically undercut the combination of record publishers and musicians, setting the price and revenue-per-listen to levels much lower than they would have been without subsidization. But it's also been happening for longer, so I think that it's more like as-if all the taxi drivers had already been driven out of the business and the taxis junked. With taxis, you know if there are no rides available, but with music, you don't really realize all the great music that isn't being written.